Nasstar acquires hosted managed services provider Modrus

In their blog earlier this week, Nasstar announced the acquisition of Modrus. They acquired the UK-based firm on a cash and debt-free basis for £13.0m, comprising £11.7m cash and £1.3m in new Nasstar equity.

Edward Armitage, Managing Director, Modrus said :

We are extremely excited to be joining the Nasstar group and on a personal note, I am delighted to join the Nasstar leadership team and look forward to working with the team for many years to come.

Nasstar claims that the acquisition of Modrus is in line with their strategy to penetrate new vertical markets and build a resilient customer base.